Hey BP, i'm looking to buy my first property and plan on house hacking it. The property is a 3 bed 2 bath in Manayunk going for 229k. It is fully rehabbed and in amazing shape- I know I can get 750 per room bringing t...

Hey BP Community,
I'm brand new to REI and am under contract for my first property. It's an outdated 3/2.5 SFR two minutes outside Downtown Houston. I intend to update it to rent standards (all cosmetic repairs I int...

How do you make purchases and manage receipts for your rentals?

Hello guys,

I will be hiring a handyman for some small work. The total job should be well under $600. Should I still issue a W9? If all goes well I will most likely be giving him more work this year.

Also, what...

I purchased a property April 1st of this year. The deal came quickly and I closed without having an LLC or an LLC bank account set up. I'm also in the process of filing a quitclaim deed to transfer title to the LLC (n...

So when trying to get a new loan, I know lenders want to see the applicant's debt to income ratio below a certain figure. I am curious how rental income is calculated in the eyes of the lender and how that plays into ...

Hi BP! I have a deal that I am looking at for a fix and flip, and every time I put in my numbers I am loosing money. I am being very conservative and have to use hard (expensive) money to do the rehab. Could someone t...

Hi folks,Trying to figure this out and do the right thing while filing my taxes.I established an LLC to run my real estate business and keep it separate from my personal stuff.My leases are all under the LLC.Tenants p...

What is the most effective and convenient way of collecting rent money from your Tenants?

I just bought a cargo van that will be used only for my rental properties.  I know there are two ways to expense the costs; either direct expenses or mileage.  Which method do all of you use and why?Also, I want to ma...